Member Info for RogueRiver

Hi aspers. I'm not sure what your point is. I said 'for the last decade' (i.e. for the last 10 years). And, no, I wasn't even in the market at the time of the Great Recession, which is presumably when you paid 4p.

Hi Ben. The dividend is no use if the sp keeps falling, which is exactly what has been happening with Wimps for the last decade. I opened my position 6 years ago and I have reinvested all of the dividends since then. I'm still at a loss on my original investment (even including all of those dividends). I didn't do anything stupid and bought in at what was then the 2-year average sp. I don't believe there is anything fundamentally wrong with the company. It's just that, as far as the market is concerned, the shares are crap.

The $hit share remains true to form. Despite nothing out of the ordinary in the results, it is still hovering around Covid crisis prices - and is down 45% in the last 5 years. Hope no one is (or is thinking of being) heavily invested in this train wreck.

B&M are facing a lot more competition these days. Is it worth making a special trip to B&M, when often you can buy as cheaply and more conveniently while doing your supermarket shop or shopping online? Probably not. The big question is whether B&M's slowing sales growth is a blip or a trend. I'm beginning to think it may be the latter.

I won’t be selling in a hurry. I sold Barclays, after 5 years holding and it going nowhere (except down). Look at it now. I’ll review when Lloyds becomes a triple bagger (circa 90p) but I probably won’t sell then. We are probably in the early stages of a major re-rate.

Sold my entire holding in June 2023 at 550.49p, having bough a year earlier at 389.72p. One of my better decisions, it seems. I remember posting here that a tin of custard cost more at my local B&M than it did next door at M&S (it's all made by Ambrosia) and that if B&M didn't keep an eye on their pricing I could see them losing market share.

@buddhablog.

Yes, but there is usually a silver lining to steady, boring holdings. I'm heavy on financials, where market cap growth tends to be glacial, but the yields more than make up for this.

I've never understood the fascination with Unilever. Quite apart from the static market cap for the last 5 years, the dividend was never great, even when interest rates were very low.

Unilever doesn't look much better from a consumer point of view either. All I see are rather overpriced products from Unilever, thanks to their huge marketing budget, and customers being defrauded via shrinkflation. Meanwhile, Lidl, Aldi and own brands are usually just as good, for a third or half the price.

I bought in at 30p during Covid. Last Friday my finger was hovering over the sell button, especially as Lloyds is just below my current portfolio criterion of >5% yield holdings. Anyway, I didn’t sell. When I heard the news this morning I thought we would be down by 5-10%. I won’t be selling. I think Lloyds will be at £1 within the next 2 years. Of course it won’t be a smooth ride, but twas ever thus.

More buybacks? All that buybacks have done so far is drag this tired old conglomerate back to around the same market cap it had 5 years ago. As for the 3% yield, you could get more by sticking your money in a post office savings account (without the risk).

Thing is, the market is so fickle that you might see a rise on 'bad' results or a drop on 'good' results. It's pure chance.

The $hit share strikes again - still mouldering around Covid pandemic prices.

LGEN is great for the divi, but capital growth is virtually non-existent. It's the same story for most FTSE financials - nice for slow income building, just don't expect any fireworks.

Nope, still down. I opened my position at the 2-year average in 2018 and I ‘ve reinvested all the divis since then. However you cut it, it was a poor investment. Luckily, my other holdings have more than made up for it. If I had my time again, I wouldn’t touch Wimps with a barge pole.

TW is definitely a cyclical share. The only cycles I have noticed during 6 years of holding are ‘bad’ and ‘worse’.

@Sunbeams7

If I include all of the divi reinvestments over the last 6 years, I'm circa 50% down on my entire investment in Wimps. I'm always the first to look for a silver lining - and there ain't one here, I'm afraid.

I've held TW since 2018. Despite reinvesting all of the dividends since then, I'm still 10% down on my original investment. The SP isn't much better than its Covid lows, which is bonkers. Not for the first time, 'dog share' is the term that immediately springs to mind.

Of course, nobody knows what's in store, but my money is on 320p by the new year.

‘This is Labour's " Liz Truss Moment "’

Really? Get back to me when Labour have blown £60bn on a budget calamity, with absolutely nothing to show for it.

Slight overreaction by the market. We all knew the car finance BS was never going to just disappear. UK consumers must be rewarded for their feckless or lazy behaviour. Being told the AER and repayment terms of one’s car finance loan is no longer enough. You now need a breakdown of who is getting what.

What if I didn’t know part of my loan was going to pay for the CEO’s new unsustainably sourced office furniture? Can I get compo?

Better to wait and not miss out on £3.25 in Jan 25. By then the Saudis will be pumping like it’s going out of fashion (as, of course, will all the others).